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Jun 18, 2012
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with that i'll hand it back to ross in the studio. >> from steve in athens to steve wood. thanks so much indeed for joining us. in a way, steve, we've already moved on from greece. it's old news. we're back to worrying about spain this morning as far as the markets are concerned. >> it is news. wasn't a rally at all. talk about short-lived. half life on the market's reaction is getting shorter and shorter. you can measure it in hours and not days or weeks. we need to move in, to you know, not only fiscal unity but we need a pan european banking resolution. you see what's happening in spain. it's very clear whatever the solution will be it has to be pan european can't be two national governments going to national banks. you got broke governments, broke banks and something needs to be done. the market will believe to bring the resources of europe to deal with europe's bank. >> the germans are still not going anywhere that smells, looks or walks like debt mutualization. >> correct. that gets us in the position we're in right now. what happened with the euro, dozen years ago w
with that i'll hand it back to ross in the studio. >> from steve in athens to steve wood. thanks so much indeed for joining us. in a way, steve, we've already moved on from greece. it's old news. we're back to worrying about spain this morning as far as the markets are concerned. >> it is news. wasn't a rally at all. talk about short-lived. half life on the market's reaction is getting shorter and shorter. you can measure it in hours and not days or weeks. we need to move in, to you...
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Mar 30, 2012
03/12
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and steve liesman sits down for jeffrey lacker in charlotte, north carolina. so stay tuned for that. >>> people are flocking to gas stations in hopes of getting that winning lot ary et. the chance of winning, 1 in 176 million. we've gotten some of your e-mails regarding what you would do if you won. one viewer said he would in fact buy new tires for his truck. another one says he would hire a driver so that he could drive him to work so forget about the tires for the truck. and my favorite of course, he would buy a flat screen tv, sit back and watch cnbc all day. of course we are love it hear that. meantime u.s. investors will get a trio of economic reports to wrap up the week, month and quarter. february personal income and spending is out at 8:30 a.m. at 9:55, we get the final report on march consumer sentiment. five minutes later, march chicago pmi is out, as well. still with us, ceo at bull and bear partners. jack, i just want to kick it off with you. it is on the cover of the "wall street journal." we're talking about a rise in high yield corporate debt o
and steve liesman sits down for jeffrey lacker in charlotte, north carolina. so stay tuned for that. >>> people are flocking to gas stations in hopes of getting that winning lot ary et. the chance of winning, 1 in 176 million. we've gotten some of your e-mails regarding what you would do if you won. one viewer said he would in fact buy new tires for his truck. another one says he would hire a driver so that he could drive him to work so forget about the tires for the truck. and my...
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Jun 15, 2012
06/12
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it was built by steve wozniak way back in 1976 with a circuit board, micro cassette interface. only of the apple 1 computers are still in existence and six, including this one, do work. it is expected to go for $180 thour >>> and round one of the u.s. open golf tournament is in the books. and michael tohompson, is in th lead with 4 under par, but mr. woods is just four back. only six players out of the field of 156 were under par. one of them, nick watney turned in the shot of the day on the 17th hole. knocked it in for the rarest of all birds. an albatross, or as you might call it in the united states a double eagle. it is only the third albatross in u.s. open history. you also remember there was one in the second hole in this year's masters in the final round as well. >>> still love watching him. still to come, greek sit-ins are at the polls, but are secret polls influencing the vote in athens? optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use tech
it was built by steve wozniak way back in 1976 with a circuit board, micro cassette interface. only of the apple 1 computers are still in existence and six, including this one, do work. it is expected to go for $180 thour >>> and round one of the u.s. open golf tournament is in the books. and michael tohompson, is in th lead with 4 under par, but mr. woods is just four back. only six players out of the field of 156 were under par. one of them, nick watney turned in the shot of the day...
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Apr 16, 2012
04/12
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steve sedgwick is there. steve. >> reporter: yeah, a little bit of a day trip for some of us from the squawk team. you of course have have been manning the fort in london, but we're taking a look at the economic fundamentals. why does france enjoy 3% ten year yields when the spanish have 6% ten year yields and yet the dynamics of the economy are strangely familiar in many ways. we've been doing a lot of work on this. karen is also still doing a bit of work on the french economy. and stefane, of course, has been helping along, as well. we'll be back after the break and explain to you always bits what we found out. ♪ ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration reduction technology to help reduce track noise so trains move quieter through urban areas all over the world. together, the elements of science and the human element can solve anything. [ all ] shh! [ male announcer ] solutionism. the new optimism. >>> we
steve sedgwick is there. steve. >> reporter: yeah, a little bit of a day trip for some of us from the squawk team. you of course have have been manning the fort in london, but we're taking a look at the economic fundamentals. why does france enjoy 3% ten year yields when the spanish have 6% ten year yields and yet the dynamics of the economy are strangely familiar in many ways. we've been doing a lot of work on this. karen is also still doing a bit of work on the french economy. and...
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Oct 11, 2012
10/12
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and steve liesman has an exclusive today with goldman sachs ceo lloyd blankfein, plus the co-chairs of the obama commission will discuss the economy and fiscal issues. starts 12:30 p.m. eastern and it's on the fast money halftime report. >> won't want to miss that one. and let's take a look at the agenda in the u.s. weekly jobless claims are out 8:30 a.m. time and they're expected to gain. and the import price report and august trade deficit expected to wide gone $44 billion. now, charles plosser will speak about the economy at 12:30 p.m. look for earnings take from safeway, win bay go and jb hunt. and that's a good way to read what's happening on the ground. >> for some reason i like the winnebago. don't know why. >> should take wex in a winnebago. >> not a bad idea. still to come, strong words from the imf christine lagarde on austerity and growth. we'll be in tokyo for who are. . >>> italian auction have sold the targeted amount on the three year. >>> italian auction have sold the targeted amount on the three year. the yield is higher as we thought it would be, 2.86%. it was 2.75% o
and steve liesman has an exclusive today with goldman sachs ceo lloyd blankfein, plus the co-chairs of the obama commission will discuss the economy and fiscal issues. starts 12:30 p.m. eastern and it's on the fast money halftime report. >> won't want to miss that one. and let's take a look at the agenda in the u.s. weekly jobless claims are out 8:30 a.m. time and they're expected to gain. and the import price report and august trade deficit expected to wide gone $44 billion. now, charles...
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Jul 27, 2012
07/12
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>> we'll keep an eye out for steve as well. >> you may not recognize him. but look. >> sources indicate you may have more facial hair. >> stephane thanks. we'll talk to you a little bit later. measures taken by spain will support the country's autonomous regions. caroline has now moved from valencia to mercia and joins us again. what's the situation and how are they tapping this new liquidity fund? >> well, the situation here is clearly equally bad. because the president of the regional government here indicated in a newspaper interview over the weekend that he too may tap the liquidity fund to cover its financing fund for the second half the year. financing needs for the third quarter stand at around 430 million euros and he may ask for 200 or 300 million euros. it may not sound much especially when you compare that to the refinancing needs of catalonia and valencia. if you look at the small size of this region because it's one of the smallest regions in all of spain it's massive. also if you look at the debt levels and the deficit to gdp ratios over the l
>> we'll keep an eye out for steve as well. >> you may not recognize him. but look. >> sources indicate you may have more facial hair. >> stephane thanks. we'll talk to you a little bit later. measures taken by spain will support the country's autonomous regions. caroline has now moved from valencia to mercia and joins us again. what's the situation and how are they tapping this new liquidity fund? >> well, the situation here is clearly equally bad. because the...
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Sep 4, 2012
09/12
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that's why steve's interview with lockhart was fascinating. he sits in the middle and he's a swing vote. and heed this is a very clear call. he's the swing vote. we don't know, do we? >> i think -- i'm sure bernanke will not decide on the basis of his own position. clearly, if mitt romney wins the election, mr. bernanke will be out of office, and he'll probably be out of office anyway because he's had his run. he probably says, i have nothing to lose. my research of great depressions shows the fed has to act sufficiently to do it. if that will be a sufficiently persuasive factor -- >> what's your call for jobs number friday? >> where we are now, 150 or so on an average base. whether the figure is up or below that, i think that's where the average is, which keeps employment moving but not enough to get the employment rate down. >> can describe so much with the u.s. these days. bob mckee, thank you for your time this morning. >>> before we go, information on a new economic indicator we've been talking about this morning. it's the tooth inflation
that's why steve's interview with lockhart was fascinating. he sits in the middle and he's a swing vote. and heed this is a very clear call. he's the swing vote. we don't know, do we? >> i think -- i'm sure bernanke will not decide on the basis of his own position. clearly, if mitt romney wins the election, mr. bernanke will be out of office, and he'll probably be out of office anyway because he's had his run. he probably says, i have nothing to lose. my research of great depressions...
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Jul 9, 2012
07/12
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. >> we are joined this morning by our guest steve cohen from blackrock. hello to becky here who is with us standing in for ross this whole week. he's on holiday something which i guess you and i will have to make time for at this point. >> i'm going next week. >> so, you were? we won't tell anyone where. >> that's why i'm particularly cheerful today. >> so we'll have steve cohen here to talk us through some exciting developments in the etf space. these are exciting products for investors. how popular are they for this year in what's a tough environment for stocks. >> they've been very popular. we've seen the first half as being a record month or record six month period for inflows and $105 billion of inflow into etfs. the uncertainty around markets, considering how volatile markets have been, how much fluctuation we've seen. the sheer amount of cash, sitting on sidelines. very positive period for signs for the industry. >> these products now exist for all kind air fare sets not just stocks. where has the money been going. >> it's fairly broad based. the k
. >> we are joined this morning by our guest steve cohen from blackrock. hello to becky here who is with us standing in for ross this whole week. he's on holiday something which i guess you and i will have to make time for at this point. >> i'm going next week. >> so, you were? we won't tell anyone where. >> that's why i'm particularly cheerful today. >> so we'll have steve cohen here to talk us through some exciting developments in the etf space. these are...
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Sep 3, 2012
09/12
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speaking to steve liesman from jackson hole yesterday, san francisco federal reserve president john williams said the central bank should consider open ended asset purchases. >> personally, i think we should be moving towards what we call an open ended proemp, basically saying instead of here is a certain amount over a certain period of time, that we will be purchasing assets, but allow us to adjust both the rate at which we purchase and the amount which we purchase based on the economic conditions. >>> the latest poll suggests barack obama and mitt romney are tied ahead of the democratic national convention in charlotte this week. the president will officially be nominated to run for a second term. both men currently stand at 45% backing. obama spent the weekend criticizing romney's economic policies. >>> before we go to break, here is a look back at last week's republican national convention in tampa. >> we're not afraid. we are not afraid. we're taking our country back. >> this man will not fail. >> the president is just throwing away money. and he's pretty experienced at that. >> i wish
speaking to steve liesman from jackson hole yesterday, san francisco federal reserve president john williams said the central bank should consider open ended asset purchases. >> personally, i think we should be moving towards what we call an open ended proemp, basically saying instead of here is a certain amount over a certain period of time, that we will be purchasing assets, but allow us to adjust both the rate at which we purchase and the amount which we purchase based on the economic...
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Jul 26, 2012
07/12
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. >> and, steve, quick word about treasury, ten year yesterday, what do you do with treasuries at the moment? >> the curve has more flattening potential and twist has been quite effective. there's the threat of qe3 at some point in the future and obviously the fiscal cliff, et cetera to come up later this year. but i think the u.s. economy is weak. and the growth has been only a nominal growth, been sort of inflation based. the likelihood is we'll see yields going down. i think 1%, may be too far to go. but towards 1% is more likely than towards 2% in the coming months. >> anything next week from the fed yes or no? >> no. i don't think it's the right time for anything. i think they are constrained in what they can do anyway and they are relying on twist for now. >> okay. >> i think it's probably from the fed. >> steve good to say. thanks for joining us. still plenty more to come on today's "worldwide exchange." we'll continue the too big to fail debate and latest from spain and preview earnings numbers due from exxonmobil. >> take a quick look at how futures are trading this ahead of
. >> and, steve, quick word about treasury, ten year yesterday, what do you do with treasuries at the moment? >> the curve has more flattening potential and twist has been quite effective. there's the threat of qe3 at some point in the future and obviously the fiscal cliff, et cetera to come up later this year. but i think the u.s. economy is weak. and the growth has been only a nominal growth, been sort of inflation based. the likelihood is we'll see yields going down. i think 1%,...
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Aug 1, 2012
08/12
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. >> don't forget about, steve liesman had plenty on this yesterday from his source at bundesbank. if you want to read that, go online, cnbc.com and read steve's analysis of the bundesbank position. it basically backs up what wideman is -- wiedemann is saying. >>> india says the country's electricity network has been restored back to full capacity after two days of massive outages. the blackout, worst recorded in the world, left over half of india's 1.2 billion people without power. we're joined from new delhi with the latest. it's extraordinary. it's like the entire population of the united states not having any electricity. who's getting the blame? who's going to fix it? >> as far as blame is concerned, at this point in time, the largest north indian state is being blamed for a large chunk of what we saw happen with north grid collapsing. what the power ministry is saying a couple of northern states overdrew more than what was allocated to them, which led to northern grid collapsing, then northeastern, and then a domino effect which left about 600 million indians without electric
. >> don't forget about, steve liesman had plenty on this yesterday from his source at bundesbank. if you want to read that, go online, cnbc.com and read steve's analysis of the bundesbank position. it basically backs up what wideman is -- wiedemann is saying. >>> india says the country's electricity network has been restored back to full capacity after two days of massive outages. the blackout, worst recorded in the world, left over half of india's 1.2 billion people without...
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Oct 10, 2012
10/12
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. >>> meanwhile, microsoft's board is cutting steve ballmer's annual salary. microsoft stock -- there we go. apologies about that. meanwhile, walmart is holding its annual analyst meeting today near its headquarters. the retailer is expected to brief them on numerous topics, including expansion of its smaller store format and providing profits overseas. investors will also be listening for comments on the bribery allegations at its walmart to mexico unit. the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell us what you think about the loyalty to apple. is it a sign perhaps of saturation? what's it mean for competitors? you can e-
. >>> meanwhile, microsoft's board is cutting steve ballmer's annual salary. microsoft stock -- there we go. apologies about that. meanwhile, walmart is holding its annual analyst meeting today near its headquarters. the retailer is expected to brief them on numerous topics, including expansion of its smaller store format and providing profits overseas. investors will also be listening for comments on the bribery allegations at its walmart to mexico unit. the company has also been...
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Aug 29, 2012
08/12
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so, steve, it is going to be very interesting, indeed, who's going to run the race. there's a lot of in terms of the verdict out. credit rating on samsung this morning saying it shouldn't be too much of an impact with samsung going forward. in terms of what's going on today, samsung press is going to happen in an hour and we'll have an interview with samsung ceo kazue hira. samsung has been having problems with the economic malaise in japan and we know about the world economy also and the way it is only very slowly growing. so, we'll bring you that later on. >> thank you. you can also go and join angela and mario later. we have earnings out of bank, first off net profit 85 billion yuan. marginally lower than consensus forecast. first off net energy margin, 2.85, lower than the 2.97 at the end of march. 1.39 at the end of union. it was 1.44% at the end of march. staying in china, chinese companies are seeing a rise in late payment and even debt default from companies. they say money owed to machinery and coal is at high lateness and they're worried it will spread to o
so, steve, it is going to be very interesting, indeed, who's going to run the race. there's a lot of in terms of the verdict out. credit rating on samsung this morning saying it shouldn't be too much of an impact with samsung going forward. in terms of what's going on today, samsung press is going to happen in an hour and we'll have an interview with samsung ceo kazue hira. samsung has been having problems with the economic malaise in japan and we know about the world economy also and the way...
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Aug 2, 2012
08/12
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. >> steve, finally if you're in the currency markets and you want to go somewhere to avoid policy risk, what trade can you take? >> i think what you see is the smaller currencies in the g-10 australias are very attractive. they're much better. what you see is that central banks in managing the reserves are increasingly buying these small currencies. they thiseem to buck the trend times. there's supports. some combination, i think, of the dollar on the -- over the median term on the potential for greek exit and a further crisis in europe and the smalls at your risk component is probably, you know, where i would be. >> steven tharn, thanks for tha. and we'll -- we'll get more from him with it. we have to let you go, lance. sorry. >> thank you so much. >> good to see you both. thanks, guys. we have comments coming out from pboc. they'll make stabilizing growth a bigger priority and continue complementing policy and maintain reasonable growth of money and credit. it's worth pointing out a month ago today when we had the last meetings, china did cut rates. >> it's right around this time sor
. >> steve, finally if you're in the currency markets and you want to go somewhere to avoid policy risk, what trade can you take? >> i think what you see is the smaller currencies in the g-10 australias are very attractive. they're much better. what you see is that central banks in managing the reserves are increasingly buying these small currencies. they thiseem to buck the trend times. there's supports. some combination, i think, of the dollar on the -- over the median term on the...